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Seized drug worth $ 480 million

A cargo company was allegedly used to export narcotic substances abroad illegally. Last weekend, two anti-drug dogs detected 11.85 tons of cocaine that were camouflaged in sacks of salt. The cargo was found in four containers that would leave the Maritime Port of Guayaquil bound...
Posted On 12 Dec 2016
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Crude oil prices pushed down Ecuador’s country risk

On November 28, Ecuador reported a country risk of 735.00 points; the lowest rate recorded during the last quarter of the year. According to the Central Bank of Ecuador (BCE for its Spanish acronym), this indicator, which measures the perception of markets on the ability of a...
Posted On 12 Dec 2016
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Agreement with the European Union protects local employment

  European companies with more than 10 employees shall have 90% of Ecuadorian employees. That was one of the aspects negotiated in the trade agreement between Ecuador and the European Union (EU) in the table of services. The document of the commitments reached in this area,...
Posted On 12 Dec 2016
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Change in the Armed Forces high command unleashes criticism of retired militaries

In less than a year the Armed Forces have had three changes of commanders and chiefs of their branches decreed by President Rafael Correa, who in the opinion of consulted retired militaries, result in an affectation to their institutionality. The first two changes were due to...
Posted On 12 Dec 2016
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Alberto Dahik: “The last liquidity in Ecuador disappears.”

In an interview for Daily El Universo, Alberto Dahik talks about the mismanagement of the Central Bank of Ecuador by allowing that the liquidity it safeguards disappears with serious repercussions for the country’s economy. “Banks deposit their resources in the BCE...
Posted On 12 Dec 2016
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